Whether you are looking to switch away from a current career or planning to pursue Forex currency trading after graduation, proper preparation is essential. You need to know how to make money with it, but you also need to understand what it means to go into business in investing. Image
Regardless of whether you're in college or currently in another career, take a currency trading course and start pursuing your new goals on the side. One of the best ways to get started is with simulated exchanges.
#forex
independentinvestor.com/forex/
Working alongside others who are focused on Forex can greatly improve your own chances of eventual success. This is especially true if you can find someone who is both a good teacher and a skilled trader.
As you learn more and expand into a full career, it can be tempting to skip over even an advanced currency trading course simply because you feel you already know it all. However, it's important to remember that even the most advanced experts can still continue learning.
There is always a way that you could improve your current performance and do better in the future. That's true of any field, and this is no exception. If you see something that looks interesting, look into it further. You should easily have the experience to determine it's good.
Whether you make a business of managing the assets of others or simply grow your own capital through Forex currency trading, make sure that you are protected and covered if something goes wrong with your business. Markets are inherently volatile.
If you are doing substantial volumes of trading, consider forming a separate company with yourself as an employee. This kind of structure helps separate personal assets from business assets, which makes a big difference if things ever do go south.

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More from @ininvestor

1 Apr
Why More Than 90% Of Forex Traders Lose Money?
There are lots of Forex traders out there. However, over 90% of them never become profitable with foreign exchange. Here are 3 ways to make it happen.
independentinvestor.com/forex/ Image
1. Robot Forex trading programs get a lot of hype. While they can make you money, none of them will make you rich-even the best ones. Many investors think they will see returns of 20-30% a year with these robot programs, but these claims are greatly exaggerated.
This is a form of investing where you focus on buying currency pairs for the long term. Most Forex traders use technical analysis, simply because fundamental analysis is rather difficult when dealing with foreign exchange. However, technical analysis can be very time consuming.
Read 7 tweets
14 Jan
When it comes to investing or trading stocks, it's no surprise novice traders might get overwhelmed with all the technicalities and how to make the most of your stock investment. So in this thread we'll skip the basics.
#investing #stocks Image
First stop. Trend is your friend, I bet you've heard it before but this time you really should pay attention to the trend. Analyse it and don't go against the tide. You stand a better chance following the trend.
#trend #stocks
independentinvestor.com/share-dealing/…
What is one of the most important aspect of success? PLAN. Yes, you've got to have a plan and it doesn't only apply to investing.
You need to devise your own plan and do your utmost to stick to it. Develop your investment plan.
independentinvestor.com/share-dealing/…
Read 6 tweets
31 Dec 20
Times are tough at present, so your approach to fields like Forex trading should be a reflection of the times. To be more specific, you should realize that trading in the foreign exchange market requires you to be well informed of the current state of the market at all times. Image
You need to understand the market and gather as many tips about it as you can. It is best for you to use insider tips because the public knowledge that you gain will not be of much assistance to you.
#forex #forextips
independentinvestor.com/forex/tips/
Indeed, you need to master the most important aspects of the Forex market because even the competition and trends can influence how much you will make in this industry on top of its volatile, luck-based nature.
independentinvestor.com/forex/volatili…
Read 7 tweets
19 Dec 20
CFD trading gives you the flexibility that you require to trade in current markets. The important word here is flexibility. That is what gives an investor control. In fact, control, by definition means having a plan ready for every scenario that may turn up your way.
#cfds Image
By using a mix of leverage and lower transaction costs, CFDs allow you to maximise your returns. Features like no minimum contract size and no expiry date ensure that no unnecessary entry or exit barriers are created.
independentinvestor.com/cfd/
Leverage: In business as in physics, leverage is the ability to do more and more with less and less. Great personalities have claimed that they could dislodge the earth, if they found a lever big enough to do
independentinvestor.com/cfd/leverage/
Read 8 tweets
3 Dec 20
Share trading or stock market investing offers a land of opportunities for those who are willing to learn and invest their time into research. Don't take financial markets lightly and think all is going to be good by chance. Learn and experience.
investinginsight.org Image
Many people confuse stock options with binary options; they are completely different instruments and should be treated as such. Make sure you understand stock options and stay away from "gambly" binary options.
Stock options
investinginsight.org/how-do-stock-o…
#stocks #options
Always have a trading plan, don't leave it to chance.
Many rookie investors and traders underestimate the value of having a solid trading plan and sticking to it.
Successful investing requires planning and discipline.
investinginsight.org/stock-trading-…
#tradingplan
Read 5 tweets
18 Nov 20
If you are a new investor, or looking to try your skills and begin in stock market trading you probably already are aware that share trading has historically been a decent sector to delve in if you are in it for the long term.
#StockMarket
independentinvestor.com/share-dealing/ Image
As with any form of investing there are fees as well as options available to the trader. This is an article which will discuss the trading of shares on your own behalf with the use of phone advisory share dealing as well as some of the fees to be aware of.
Advisory share dealing typically involves the investor creating an account with the bank or stock broker. The investor wants to be actively involved. Most stockbroker firms will often make use of two types of this advisory share trading.
Read 8 tweets

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